BENGALURU: Trai Chairman RS Sharma has said that the Indian electronics manufacturing sector is poised to receive an investment of $400 billion investment in the coming years.
Inaugurating the two-day Deftronics 2015 organised by India Electronics and Semiconductors Association (IESA), Sharma said that investment in the electronics manufacturing sector has not achieved its potential yet, though the current demand in the sector is valued at $100 billion.
The event is focused on Building Global Partnerships for ‘Make in India’ in the Aerospace, Defene and Internal Security sector, organized by the India Electronics and Semiconductor Association and this is the second edition of Deftronics, with the first held in Bengaluru last year.
Meanwhile, DIPP Joint Secretary Shubhra Singh, in her address, said, “Defence is an industry where the government is the primary spender and it sets the rules. Of the entire demand, only about 30 percent is manufactured in India and that too by the public sector,”
“Defence sectors are dependent on DPSUs. The only way to rewrite this imbalance is to bring in the private sector. To promote this, we need to create domestic base first,” she added
In the last one year, the defence sector has opened up systematically, raising FDI from 26 percent to 49 percent and this can go even more on a case-to-case basis.